F.L. Smithe in Due Diligence for Possible Sale to PCMC of Barry-Wehmiller

Published: August 17, 2009

DUNCANSVILLE, PA | A news report regarding F.L. Smithe Machine Co., Inc., in the Altoona Mirror claims the envelope machinery company will be acquired by “Wisconsin-based Paper Converting Machine Co., an 1,800-employee division of Barry-Wehmiller Cos.”

The article expressed concern over the impact such an acquisition might have on the company’s 185,000-sq-ft plant.

The local newspaper managed to obtain a copy of a one-page memo from company board chairman Edgar Smithe Jr., grandson of the original founder of more than a century ago, indicating the board plans to do “what is best for the company and its employees.”

When more first-hand information is available, PFFC will share information with our readers.